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News

August 03, 2022

NADBank launches Webinar

NADBank Managing Director Calixto Mateos shares the experience, work strategies and next steps of this binational bank in support of sustainable projects that improve the environment of the region.

July 26, 2022

Fitch Upgrades North American Development Bank to 'AA+'; Outlook Stable

Fitch revised its assessment of shareholders' capacity to support the bank to 'aaa' from 'aa+', as callable capital from the United States (AAA/Stable) now fully covers NADB's net debt. Support capacity and a stable US sovereign outlook are key drivers of the rating.

To read Fitch's report related to NADBank’s credit rating, please click here

June 09, 2022

NADBank Board approved $300-million green loan program and $156 million for three projects in wastewater management, mobility and renewable energy

  • Green Loan Program is designed to finance environmental sustainability for small, rural and other borrowers with limited access to NADBank financing through loans to financial intermediaries
  • US$156 million in financing approved for three new environmental infrastructure projects in Texas and Chihuahua communities
May 26, 2022

Moody's reaffirms NADBank's Aa1 rating and changes outlook to stable

NADBank's credit profile reflects the bank’s high capital adequacy and liquidity position, and strong support from the US (Aaa stable) and Mexico (Baa1 negative), its two shareholder members. 

May 24, 2022

NADBank, Siemens and EnerSmart sign US$78.2 million loan for first fully merchant project financed energy storage facilities in San Diego County, California

San Antonio, Texas – The North American Development Bank (NADBank), Siemens Financial Services, Inc. (Siemens) and EnerSmart Storage OpCo II, LLC signed a US$78.2 million loan facility to finance the design, construction, and operation of a portfolio of utility scale energy storage projects with a combined capacity of 165 megawatts in alternating current (MWAC) that will be constructed at nine sites located within San Diego County, California. This is the first reported project financing of fully merchant battery storage projects in the United States. 

March 15, 2022

In 2022, Fitch Affirms North American Development Bank at 'AA'; Outlook Stable

Fitch Ratings - London - 15 Mar 2022: Fitch Ratings has affirmed The North American Development Bank's Long-Term Issuer Default Rating (IDR) at 'AA' and Short-Term IDR at 'F1+'. The issue ratings on NADB's senior unsecured bonds are also affirmed at 'AA'. The Outlook on the Long-Term IDR is Stable.

February 18, 2022

NADBank and Mexican local, state and federal agencies sign a proposal for resolving transboundary wastewater flows

NADBank will provide US$200,000 in technical assistance for a needs assessment of Nuevo Laredo’s wastewater treatment plants.

January 27, 2022

NADBank, Village of Vinton, Congresswoman Escobar, EPA, TWDB Break Ground on $20 Million Water Projects

The North American Development Bank (NADBank) and the Village of Vinton, Texas hosted a groundbreaking ceremony for two projects that will provide new drinking water distribution and wastewater collection and will include the decommission of on-site septic systems. The total estimated project costs of both projects is US$20.44 million. 

January 10, 2022

US$22.9 million loan to support clean energy in Southern California

San Antonio, Texas – The North American Development Bank (NADBank) and Sol Orchard Imperial 1, LLC executed a US$22.9 million loan increase to support capital investments, including replacement of all the inverters in the El Centro Solar Park, owned by Excelsior Energy Capital, in El Centro, California, to increase energy production.

December 09, 2021

NADBank recognized in Mexico as first multilateral bank to issue a green bond

  • Award made by the Green Finance Advisory Council in the framework of its 2020-2021 Green, Social and Sustainable Bond Awards.